Central Banks
Central Banks Are Creating the Return of Mugabenomics
Robert Mugabe, once president for life of Zimbabwe, became infamous for hyperinflation and political repression. Today, he is becoming the patron saint of central banking.
Is the Fed Trying to Bail Out the World? Sure Looks Like It
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.
The Price of Gold
Mark is not fooling around today. He looks at gold and its price as indicators of what governments are really up to.
Why Fractional Reserve Banking Is behind Bank Failures
Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation?
Central Banks Are Creating the Return of Mugabenomics
Robert Mugabe, once president for life of Zimbabwe, became infamous for hyperinflation and political repression. Today, he is becoming the patron saint of central banking.
Does Cost Cutting Undermine Economic Growth?
Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward.
Is the Fed Trying to Bail Out the World? Sure Looks Like It
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.
Why Fractional Reserve Banking Is behind Bank Failures
Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation?
Does Cost Cutting Undermine Economic Growth?
Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward.